IIPM

Oracle, the world’s largest enterprise software company has announced that anti-trust regulators in the United States have cleared its $5.8 billion acquisition of Siebel Systems, the worldwide leader in customer-facing solutions. The approval by the US Department of Justice will bring Oracle closer to acquiring Siebel, expected to close in the first quarter of next year. The takeover will make Oracle one of the leading providers of customer relationship management software. The acquisition still awaits regulatory clearance from the European Commission. Oracle also announced two smaller acquisitions - Thor Technologies, a cross-platform provisioning solutions provider, and OctetString, a virtual directory software provider. Read More....